CKI looking for assets in politically stable countries

Cheung Kong Infrastructure Holdings Ltd. (01038.HK), the infrastructure flagship of Cheung Kong (Holdings) Ltd. (00001.HK), continues to explore investment opportunities overseas and is open to any country that is politically stable and welcoming of foreign investors, managing director Kam Hing Lam said Friday.

Any potential investment must be in line with the company’s development objectives and have a stable return, he said.

“We will continue to look for opportunities in countries and industries we are familiar with,” Kam told a meeting of professional accounting body CPA Australia. “We try to learn from our past experience but at the same time, we are also interested in new industries and new places.”

Meanwhile, Hutchison Whampoa Ltd. (00013.HK), another Cheung Kong unit, could launch one of the world’s biggest initial public offerings in recent years with the planned listing of A.S. Watson & Co.

The retailer operates 11,093 stores that sell everything from aspirin and Bordeaux wine to iPods in 33 countries.

Cheung Kong is controlled by Hong Kong billionaire Li Ka-shing who was earlier reported to be considering divesting part of his Hong Kong assets.

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